Read Time:1 Minute, 22 Second
New Delhi, April 09, 2024: India and the European Union (EU) today launched an Expression of Interest (EoI) for startups working in Battery Recycling Technologies for Electric Vehicles (EVs) for a matchmaking event.
The matchmaking aims to enhance the cooperation between European and Indian Small and Medium-sized Enterprises (SMEs) and startups in the clean and green technologies sector, official sources said.
The EoI for the Matchmaking Event launched today, provides a platform for Indian and EU startups/SMEs in the field of EV Battery Recycling Technologies to pitch their innovative solutions and engage with Indian/European venture capitalists and solution adopters.
Twelve innovators, six each from India and the EU will be selected and get a pitching opportunity during the Matchmaking Event, scheduled for June 2024. Six finalists (three from the EU and three from India) will be selected following their pitching presentations and awarded the possibility to visit India and the EU, respectively.
The intended exchange of knowledge and expertise will be instrumental in advancing the circularity of rare materials and transitioning towards carbon neutrality in both India and the EU, the sources said.
The initiative took place under the India-EU Trade & Technology Council (TTC), announced by India and the European Commission in New Delhi on April 25, 2022.
This event was also part of a broader effort to promote a sustainable agenda, foster innovation, and forge stronger economic relations between the European Union and India, the sources added.
